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Volume 2014 - Number 36

September 25, 2014

Ocwen-Wells Fargo MSR Transfer Expected to Be Completed Eventually – But Deal Is Getting Smaller

Ocwen Financial – once the largest buyer of “legacy” mortgage servicing rights in the secondary market – is mostly sitting on the sidelines these days when it comes to buying new product. According to servicing advisors and industry officials familiar with the company, the nonbank has been selectively bidding on smaller pools, staying away from larger deals. Meanwhile, Ocwen still hopes...

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